RCF could do much better: Mitesh Thacker
"RCF, the cash market stock, could do much better. It has just managed to get past its 200-day average. 78 to 80 which is about 10% from current levels looks very likely to happen in the next couple of days."
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| Updated: In a chat with ET Now, Mitesh Thacker, Technical Analyst, miteshthacker.com, shares his views on RCF.
What is the call on RCF?
The fertiliser pack was also reacting. In fact we saw good breakouts happening in NFL, RCF as well as Chambal. Chambal now needs to get past about levels of 95-96 and then can head towards 101 to 103.
However RCF, the cash market stock, could do much better. It has just managed to get past its 200-day average. 78 to 80 which is about 10% from current levels looks very likely to happen in the next couple of days possibly even higher.
What is the call on RCF?
The fertiliser pack was also reacting. In fact we saw good breakouts happening in NFL, RCF as well as Chambal. Chambal now needs to get past about levels of 95-96 and then can head towards 101 to 103.
However RCF, the cash market stock, could do much better. It has just managed to get past its 200-day average. 78 to 80 which is about 10% from current levels looks very likely to happen in the next couple of days possibly even higher.
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